American posts $97 million fourth-quarter loss

It was another quarter in the red for American Airlines' parent company, AMR Corp.

The Fort Worth-based carrier posted a $97 million loss in the fourth quarter, compared to a $344 million loss in the same quarter in 2009. Revenues grew 10 percent to $5.58 billion in the quarter.

For its fiscal year 2010, American had a loss of $471 million, a significant improvement over its $1.47 billion loss in fiscal year 2009.

The carrier also announced on Wednesday that it will acquire two Boeing 777-300ERs and the aircraft are expected to be delivered in late 2012.

"In 2011, American will continue to enhance its own network and expand its relationship with quality carriers in the markets that are important to our customers," AMR chief executive Gerard Arpey said in a press release. "American is well positioned to capitalize on the opportunities unfolding in the marketplace. While the road forward is not without challenges, as we begin 2011, we are enthusiastic about the possibilities we see ahead."